Morningstar SRRI

Lower Risk

Higher Risk

1

2

3

4

5

6

7

Potentially Lower ReturnsPotentially Higher Returns

Source: Morningstar

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Investment Objective

The fund seeks to provide a portfolio primarily invested in the shares of European companies in any economic sector.
The Fund aims to provide capital growth over the long term. European companies are companies that are incorporated under the laws of, and have their registered office in, Europe (excluding the UK), or that derive the predominant part of their economic activity from Europe (excluding the UK), even if listed elsewhere. Investments in smaller companies may be held on an ancillary basis.

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Portfolio Profile31/10/2016

Morningstar Style Box®

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Equity Style

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Top Holdings

Name

Sector

%

IncreaseDecreaseNew since last portfolio

Nestle SA

Consumer Defensive

5.36

Roche Holding AG Dividend Right Cert.

Healthcare

3.78

Novartis AG

Healthcare

3.58

Total SA

Energy

3.02

BNP Paribas

Financial Services

2.53

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Asset Allocation %

Long

Short

Net

Stocks

99.13

0.00

99.13

Bonds

0.04

0.00

0.04

Cash

3.00

2.56

0.44

Other

0.39

0.00

0.39

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Top Stock Regions

Region

%

Eurozone

69.14

Europe - ex Euro

27.32

United States

1.58

Latin America

1.03

United Kingdom

0.92

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Top Stock Sectors

Stock Sector

%

Financial Services

19.56

Industrials

15.83

Healthcare

13.09

Consumer Defensive

12.77

Consumer Cyclical

10.17

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AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.